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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4/A |
| Period of Report: 3/17/24 |
| Date of Original Submission: 3/19/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 868278 |
| Issuer Name: ProPhase Labs, Inc. |
| Issuer Trading Symbol: PRPH |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1457896 |
| | Owner Name: Karkus Ted William |
| Reporting Owner Address: |
| | Owner Street 1: 711 STEWART AVE, |
| | Owner Street 2: SUITE 200 |
| | Owner City: GARDEN CITY, |
| | Owner State: NY |
| | Owner ZIP Code: 11530 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: CEO & CHAIRMAN |
| | Other Text: |
| Aff 10b5 One: 0 |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 6.00 |
| | Transaction Date: |
| | | Value: 3/17/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 400,000 |
| Footnote ID: F2 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 3/17/31 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 400,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 400,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Options shall vest and become exercisable in four equal installments, with 25% of such award vesting and becoming exercisable on the grant date and the remainder vesting and becoming exercisable in equal annual installments on the first, second and third anniversaries of the grant date. |
| Footnote - F2: This amended report on Form 4 is being filed to correct the information in Table II, Box 5 as the share amount was inadvertently reported under the wrong subheading in the original Form 4 filed on March 19, 2024. |
| Owner Signature: |
| Signature Name: /s/ Ted Karkus |
| Signature Date: 3/21/24 |
